Eggoz, an Indian agri-consumer brand, has raised $20 million in a Series C funding round led by Gaja Capital. Separately, Indian lab-grown diamond startup Aukera has raised $15 million in its Series B funding led by Peak XV Partners. In another development, cloud kitchen operator Curefoods has filed its draft red herring prospectus (DRHP) to raise Rs 800 crore ($93.5 million) through an initial public offering (IPO), The Economic Times reported.
Eggoz raises $20m
Eggoz, India’s agri-consumer brand in the egg industry, on Monday said it has raised $20 million in a Series C funding round led by Gaja Capital.
The round also saw participation from existing investors IvyCap Ventures, Rebright Partners, Avaana Capital, NABVENTURES, Merisis Opportunities Fund, Arvind Thakur, S. Ramadorai, Artek Chemicals, Blue Dot Capital, and other marquee angel investors.
The company reported a 76% year-on-year revenue growth, with net cash revenue reaching Rs 130 crore in FY25, up from Rs74 crore in FY24. In Q4 FY25, Eggoz claims to have achieved EBITDA breakeven.
“Over 95% of eggs in India are sold loose, often lacking basic hygiene and quality. Our mission is to ensure consumers never compromise on safety or nutrition,” Abhishek Negi, Co-Founder & CEO of Eggoz, said.
Aukera raises $15m
India’s lab-grown diamond startup Aukera has raised $15 million in its Series B funding led by Peak XV Partners, according to media reports. The round also saw participation from existing backers Fireside Ventures, Sparrow Capital, Prath Ventures, and Alteria Capital.
Lab-grown diamonds, chemically identical to mined diamonds, are created under lab-controlled conditions that replicate the natural crystallisation process. With prices 25-30% lower than last year due to improved production and rising supply, they’re now within reach of middle-class consumers in tier-1 and tier-2 cities.
Other startups in the space include Fiona Diamonds, Limelight Lab Grown Diamonds, True Diamond, COLUXE and Jewelbox.
Curefoods files IPO papers
Cloud kitchen operator Curefoods has filed its draft red herring prospectus (DRHP) to raise Rs 800 crore ($93.5 million) through an initial public offering (IPO), according to The Economic Times.
The issue will also include an offer for sale (OFS) of 48.5 million shares, through which investors including Accel, Chiratae Ventures, Nordstar Partners, Iron Pillar, Alteria Capital, and Curefit Healthcare will partially offload their stakes, the Bengaluru-based company said in its filing to the markets regulator Sebi.
Curefoods runs over 500 kitchens in 70 cities, with brands like Eat Fit, Nomad Pizza, Sharief Bhai Biryani, CakeZone and Frozen Bottle. It recently acquired pan-India rights for the doughnut and coffee brand Krispy Kreme.
Of the total fresh capital being raised, the company said it will utilise Rs 152 crore towards new cloud kitchens, restaurants, kiosks and central kitchens. The bulk of this amount will be deployed towards the Krispy Kreme brand. About another Rs 127 crore will be used to repay certain debt, while a part of the remainder will be invested in various subsidiaries to increase its shareholding.
